What to Know in Washington: Biden Taxes Collide With SALT Rebels
April 26, 2021 7:02 AM By Zachary Sherwood and Brandon Lee President Joe Biden is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades, a move that will trigger intense debate in Congress about whether and how to address income inequality. Bidenâs âAmerican Families Plan,â itself featuring the biggest expansion of federal support for lower-income and middle-class Americans in decades, will be offset by a series of tax increases on the wealthy, administration off...
Source: bgov.com